Trinidad and Tobago - Methods of PaymentTrinidad & Tobago - Payment Methods
Trinidad and Tobago has a well-developed financial system, which offers a full range of export finance instruments. The most common methods of payment are letters of credit, electronic funds transfer, bill discounting and credit cards (Visa and MasterCard), depending on the exporter's preference and the extent of past dealings with the purchaser. Standard credit terms are generally 30 to 90 days and they are allocated on market terms. Quotations are generally made on a C.I.F. basis. Prices given in U.S. dollars should be clearly stated to avoid confusion with the Trinidad and Tobago dollar.
Credit Rating Agencies
Caribbean Information and Credit Rating Services Limited
3rd Floor, Furness Court 90
Independence Square
Port of Spain
Tel: (868) 627-8879; Fax: (868) 625-8871
Email: info@caricris.com
Collection Agencies
A.V. Knowles and Company Limited
50 Woodford Street, Newtown Port of Spain
Tel: (868) 299-0510; Fax: (868) 622 – 8576
E-mail: info@avknowles.com
Credit Chex Limited
#1 Gallus Street
Woodbrook, Port of Spain
Tel: (868) 624-2439
Email: info@creditchexltd.com
For more information about the methods of payment or other trade finance options, see the Trade Finance Guide available at www.Export.gov/TradeFinanceGuide.